WPCS Completes Acquisition of James Design Pty Ltd
12/3/2007
EXTON,
WPCS International Incorporated (Nasdaq: WPCS), a
leader in design-build engineering services for specialty communication systems
and wireless
infrastructure, has announced that it has completed the acquisition
of James Design Pty Ltd of Brisbane, Australia.
Historically profitable, James Design is projected
to achieve approximately $1.7 million in revenue and $600,000 in earnings
before interest
and taxes for their current fiscal year ending December 31, 2007. WPCS acquired
100% of James Design for $1.2 million in cash at closing.
Andrew Hidalgo, CEO of WPCS International Incorporated, commented, "We
are pleased to conclude the James Design acquisition as it now establishes
operations for WPCS in
About WPCS International Incorporated:
WPCS is a design-build engineering company that focuses on the
implementation requirements of wireless technology. The company serves the specialty
communication systems and wireless infrastructure sectors and provides services
that include site design, technology integration, electrical contracting, construction and project
management for corporations, government entities and educational
institutions worldwide. For more information, please visit http://www.wpcs.com
Statements about the company's expectations, including revenue and earnings
and all other statements in this press release, other than historical facts,
are "forward looking" statements and are made
pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward
looking statements involve risks and uncertainties and are subject to
change at any time. The company's actual results could differ materially from
expected results. In reflecting subsequent events or circumstances, the company
undertakes no obligation to update forward-looking statements.
Contact: Carol Lindley / WPCS International Incorporated 610-903-0400 x100
ir@wpcs.com
SOURCE WPCS International Incorporated
http://www.wpcs.com
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